[Varmint Al]

Move over Texas and Florida, here comes another wave of oppressed Californians escaping the once great State. I don't think it is a law yet that escapees have to pay a fee to flee.

Good Hunting... from Varmint Al

[Elsie]

Sadly, I have to inform you...

 

California Exit Tax & Wealth Tax: What Is it & How it Applies to You

4 days agoThe amount of the California exit tax is 0.4% of an individuals' net worth over $30,000,000 in a tax year, no matter where it's located—within CA, other states within the US, or overseas. This amount is halved to $15,000,000 if a married taxpayer files a separate return to their spouse.

https://schanelcpa.com › state-income-tax-can-follow-after-moving

 

 

How State Income Tax Can Follow You Even After You Move

In certain situations, your former state can tax income that you receive even after you establish residence in Florida. Paraphrasing a famous movie quote, just when you thought you were out, they pull you back in. Take the example of a performance bonus award. Suppose Peter moves from New Jersey to Florida on January 1, 2019, after accepting a ...

https://www.forbes.com › sites › robertwood › 2019 › 12 › 03 › leave-california-keep-paying-california-taxesreally

 

Leave California, Keep Paying California Taxes…Really - Forbes

Dec 3, 2019 If you leave California, can the state say you really didn't and keep taxing you? Yes, and it happens more than you might think. California taxes have always been high, and for that...